National income accounting (GDP calculate) is an essential part of macroeconomics. Analyse the following hypothetical economy and answer the questions that follow:   G = 400, I = 70, X = 300, M =100, autonomous consumption = 100, MPC = 0.6, taxes=50   Calculate the level of national income in this economy What percentage of disposable income do people save? Calculate the level of savings Show that in this economy, injections are indeed equal to withdrawals

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